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Oct 26, 2012
10/12
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trade detracting and government up 0.71%. a big part of that gain, federal defense spending up 17% for the biggi isgest gain since 2009. it follows straight quarters of decline. looks like the drought took away half a point of growth and inflation was higher than expected. still sluggish growth that faces a big challenge in coming months. i would say this is the economy the fed forecast when it decided to do qe infinite. >> i wonder, too, steve, given the make-up of the components. is the number more or less subject to revision than past quarters? >> you know, it's hard to say. i don't think there's any particular trend there. the inventory numbers will be rejiggered, probably the investor numbers. everything can come in. trade is a big factor, inventory's a big factor. hard to know, carl. right now it just -- it doesn't change your mind, right? had the number been 2.5 or 3%, i would have said, hey, time to rethink the economy. 2%, 1.8%, six of one, half a dozen of another. >> we'll get a lot of numbers t. >> we'll get to the
trade detracting and government up 0.71%. a big part of that gain, federal defense spending up 17% for the biggi isgest gain since 2009. it follows straight quarters of decline. looks like the drought took away half a point of growth and inflation was higher than expected. still sluggish growth that faces a big challenge in coming months. i would say this is the economy the fed forecast when it decided to do qe infinite. >> i wonder, too, steve, given the make-up of the components. is the...
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Oct 5, 2012
10/12
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he said 4 million is reasonable, but the federal government is not being helpful. i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for those jobs and looking at other alternative forms of energy and we have to have a balance of both. >> the unemployment rate falling below 8% for the first time since january 2009 and i'm sure the labor department was hearing about that this morning. at the same time, can you tell the american people that this 7.8 number marks the turnaround that we have seen the worse when it comes to the labor market. i would say we still have a ways to go and we have it well below 12 million and we have to continue
he said 4 million is reasonable, but the federal government is not being helpful. i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a...
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Oct 23, 2012
10/12
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what happens to all these rates where one form of government is helping incentivize indebtedness and debt rates to others. what happens to the mortgage more kaet? what happens to balance sheets in business? i can't tell you the answer to that. one thing i can tell you is this exit was never going to be pretty from the rabbit hole, and the notion of a quicker exit because ben bernanke might not be around, well, i think that could actually be something more intense to the marketplace potentially than the fiscal cliff. carl, back to you. >> that's a dire prediction, rick. if the tv thing doesn't work out, man, do you have a future as an artist. putting bob ross to shame with that bunny. when we come back, is the previously dubbed stealth rally not so quietly dying before our eyes? today is the second big flushing in as many weeks. news of the selloff before the break. and coach shares spiking on news of solid double digit revenue in the first quarter. does your portfolio deserve a e luxury?r we'll tell you how to play coh. . for more than 116 years, ameriprise financial has worked for t
what happens to all these rates where one form of government is helping incentivize indebtedness and debt rates to others. what happens to the mortgage more kaet? what happens to balance sheets in business? i can't tell you the answer to that. one thing i can tell you is this exit was never going to be pretty from the rabbit hole, and the notion of a quicker exit because ben bernanke might not be around, well, i think that could actually be something more intense to the marketplace potentially...
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Oct 9, 2012
10/12
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they are also blaming less government spending in europe on health care. also lack of reimbursements for medicare programs here in the united states. as you can see, it is down 18% at 86.60. back to you. >> wow, what a movement. thank you. >>> can you take the pain on apple, down about 9% since the iphone 5 went on sale. is it about fundamentals or something else behind the tech darling's big fallback. >>> also ahead, the game risk, no, it is not the handy board game, but big money is at stake with more regulation. find out how it can put the financial system in jeopardy. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling
they are also blaming less government spending in europe on health care. also lack of reimbursements for medicare programs here in the united states. as you can see, it is down 18% at 86.60. back to you. >> wow, what a movement. thank you. >>> can you take the pain on apple, down about 9% since the iphone 5 went on sale. is it about fundamentals or something else behind the tech darling's big fallback. >>> also ahead, the game risk, no, it is not the handy board game,...
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Oct 1, 2012
10/12
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it has to buy essentially government-guaranteed debt. >> or shares of apple, which would also please a lot of people. >> it can't do that. >> i get that. thank you, steve. >>> as we kick off the first day of the fourth quarter, we have deutsche bank's top u.s. equity strategist here on how to best navigate the markets, sitting at session highs right now. joined now by david bianco on post 9. >> thank you. >> you're actually skeptical, which i was surprised by. you have been a noted bear on wall street. but now you see that there could perhaps be headwinds when it comes to third-quarter earnings? >> i've been bullish during darkest hours of this market the past couple of years. the reason i'm cautious, i'mall quarter, we've seen a deterioration in export activity, investment spending and manufacturing activity that has something to do with the fiscal cliff uncertainty. certainly has to do with europe. i think it mostly has to do with the sharp deceleration in chinese construction activity. i don't think we're going to see any sign of a major improvement there until early next year. ri
it has to buy essentially government-guaranteed debt. >> or shares of apple, which would also please a lot of people. >> it can't do that. >> i get that. thank you, steve. >>> as we kick off the first day of the fourth quarter, we have deutsche bank's top u.s. equity strategist here on how to best navigate the markets, sitting at session highs right now. joined now by david bianco on post 9. >> thank you. >> you're actually skeptical, which i was surprised...
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Oct 2, 2012
10/12
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whoever the government is that made it so hard to buy also made it easy to buy. >> the banks are doing it on their own. five, six years they were willing to lend to anyone. >> sorry. >> go ahead. >> that was pointed out by the citi note that underwriters are much tighter these days. so the risk is we have all the starts and the home builders are doing well but they will reach the point where the buyers can't get the credit they need and demand is gone. >> that's why when the toll brothers made it, they were in the process. it is one of those things, why aren't more people using the money and bernanke -- go buy a house, chairman. chairman bernanke, go buy an apartment for rental. what you'll see is unless you pay in cash or cut out the banks entirely and that hurts the rate of return, unless you're paying crash you'll tie yourself up for a really long time. evil gains are feeding into things. i do need to modulate here in the risk of the parts of corporations and the banks doing a 180. this is trauma from the financial corporation, which is okay. you want them to have some memory of it.
whoever the government is that made it so hard to buy also made it easy to buy. >> the banks are doing it on their own. five, six years they were willing to lend to anyone. >> sorry. >> go ahead. >> that was pointed out by the citi note that underwriters are much tighter these days. so the risk is we have all the starts and the home builders are doing well but they will reach the point where the buyers can't get the credit they need and demand is gone. >> that's...
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Oct 15, 2012
10/12
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you have governance of the board. it will take time, jim. the dote alt clear wire traded up sharply we know because many believe it's credit cart will be enhanced when it is owned or controlled more by sprint. >> congratulations. you are well ahead of this story. i mean people have just continually wondered why the stock has gone up and it's because of your reporting. because you're well ahead and people just accepted the oh, they're not going to do anything. >> because it is a low priced stock we don't have any idea in price. this is a complicated process that they are working towards and working on from what i hear the hope is if they could get a clear wire done when they close the softbank transaction that would be beneficial. neither side is commenting, not conditioned on that the deal itself and neither side on the conference call mayayoshi son or dan would comment. >> would they be locked up to stay in their positions because softbank doesn't have any experience in the united states and that's a huge concern and the analysts and invest
you have governance of the board. it will take time, jim. the dote alt clear wire traded up sharply we know because many believe it's credit cart will be enhanced when it is owned or controlled more by sprint. >> congratulations. you are well ahead of this story. i mean people have just continually wondered why the stock has gone up and it's because of your reporting. because you're well ahead and people just accepted the oh, they're not going to do anything. >> because it is a low...
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Oct 11, 2012
10/12
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so it is always our friendly government. i don't control that and we are doing quite well in spite of that. we're pretty bullish going forward. regulation would be dodd-frank, qm and qrm. do i believe they'll be resolved some time in the first half of next year. >> but an environment in which the current regulations stand, just assume that it is status quo for the foreseeable future, will that prevent the housing recovery from being as robust as it had been during the peak times? >> well certainly stronger with the right regulation but what's interesting is the recovery is occurring in spite of that. that's a very strong test amount as to the strength of housing right now. >> you've cut a lot of costs as you've had to over these difficult years that the company's been owned by apollo. are you done with that? >> we pride ourselves on being very efficient from a cost perspective. in a recovery not only do you get the macro, the deleveraging, you get the benefit after substantially different company -- >> a lot of that was job
so it is always our friendly government. i don't control that and we are doing quite well in spite of that. we're pretty bullish going forward. regulation would be dodd-frank, qm and qrm. do i believe they'll be resolved some time in the first half of next year. >> but an environment in which the current regulations stand, just assume that it is status quo for the foreseeable future, will that prevent the housing recovery from being as robust as it had been during the peak times? >>...
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May 29, 2012
05/12
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debt over german government debt, the difference is above 5%. it is an all-time high for the eurozone. and that really is the metric that should most scare people. but again that divergence between the credit markets and equity markets. >> we did hit 6.526 in spain, highest since november. amazing story being told through the credit markets. thanks, simon. want to hop p over to courtney reagan on the floor. a lot of the gains that we had last week came mostly in the afternoon when there weren't a lot of european headlines to scare investors. >> exactly. and today pushed higher perhaps by what we're seeing this europe and like you mentioned, just one of the few day in may that we're seeing green. all the major averages are higher. telecom while not even leading the way in the sector group is sitting at four year highs and helped by both at&t and verizon. both of those names sitting at multiyear highs. despite the disappointing consumer confidence number, retailers at multiyear highs. walmart trading at levels not seen in 12 years ahead of that sh
debt over german government debt, the difference is above 5%. it is an all-time high for the eurozone. and that really is the metric that should most scare people. but again that divergence between the credit markets and equity markets. >> we did hit 6.526 in spain, highest since november. amazing story being told through the credit markets. thanks, simon. want to hop p over to courtney reagan on the floor. a lot of the gains that we had last week came mostly in the afternoon when there...
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Apr 25, 2012
04/12
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we have governance in nominating and compensation. and audit committee and risk and i'll tell you with as good a board we have, they are very, very focused and ask a lot of questions and are quite knowledgeable. we have board members would have been on our board since we became public and new members who bring a fresh perspective, people in finance and industrialalists so it's a varied group but i'll say also their experience has been varied. think of what this company has evolved into since we became public not that long ago, a dozen years ago, a small company, became a much bigger company. went through -- think of the risk management that went into our experiences going into the financial crisis where we had had much better hedges and had managed our risks to a much greater extent. think of the aftermath of the risk of the downturn where we had, frankly, manage the outcome. >> just in terms of the board. you obviously -- being a chairman and being ceo and having that role as a combined role or a separate role, do you still think tha
we have governance in nominating and compensation. and audit committee and risk and i'll tell you with as good a board we have, they are very, very focused and ask a lot of questions and are quite knowledgeable. we have board members would have been on our board since we became public and new members who bring a fresh perspective, people in finance and industrialalists so it's a varied group but i'll say also their experience has been varied. think of what this company has evolved into since we...
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Mar 30, 2012
03/12
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there is no way, neither the canadian government nor the u.s. government will allow r.i.m.m. to get into the hands of those sorts of companies. so that limits your options. perhaps amazon is an interesting scenario. perhaps microsoft is an interesting scenario. i would look at a couple of those and perhaps a badly formed jv they might do to stop the bleeding. but the most logical buyers are really from asia. >> yeah. what kind of premium, if any, dennis? >> well, look, r.i.m.m. is only worth $7 billion. motorola, which has not had a great run to itself, sold for $12 billion. look, you've got to get aboard, over the hump, and even if you put a 20% premium on where it is today, that's $8.4 billion. that's a very, very digestible church for microsoft, for amazon, say for dell, hp. blackberry has a good name. it's just lost its way in terms of product development. >> yeah. you mentioned microsoft. of course, the journal today talks about the partnership that it has in place. >> yep. >> and in the journal's words, could be waiting for r.i.m.m. stock to get cheaper before it decide
there is no way, neither the canadian government nor the u.s. government will allow r.i.m.m. to get into the hands of those sorts of companies. so that limits your options. perhaps amazon is an interesting scenario. perhaps microsoft is an interesting scenario. i would look at a couple of those and perhaps a badly formed jv they might do to stop the bleeding. but the most logical buyers are really from asia. >> yeah. what kind of premium, if any, dennis? >> well, look, r.i.m.m. is...
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Aug 16, 2012
08/12
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there's a question whether the government will bless it. the government wants telecom and unicom to offer the iphone. in the case of china mobile which is the big one, it may be that the government wants them to support local vendors over apple. so our guess is that this may not happen until later in '13 where the consensus view is it happens sooner. >> on a more basic level isn't at it fact that the main selling point of the iphone 4s is siri and siri doesn't sneak mandarin and cantonnese and that changes with the iphone 5. it will speak to customers in china and they can talk back to it and it will understand them. doesn't that blour expectations of what's cool and what's not cool out of the water? >> well, simon, i think there's truth to that in the new operating system. there will be better mandarin support. that's important. my colleagues do notice that's one of the reasons that perhaps the 4s hasn't been as popular in recent quarters as it was prior to that. but i would generally argue apple continues to have that software advantage.
there's a question whether the government will bless it. the government wants telecom and unicom to offer the iphone. in the case of china mobile which is the big one, it may be that the government wants them to support local vendors over apple. so our guess is that this may not happen until later in '13 where the consensus view is it happens sooner. >> on a more basic level isn't at it fact that the main selling point of the iphone 4s is siri and siri doesn't sneak mandarin and...
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Apr 20, 2012
04/12
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natural gas flaring is something that you get in trouble with the government. it's these contracts. carl, if you were to have sold your rights in pennsylvania so a gas company, they are not allowed to drill. they should be shutting in but they can't. >> let's switch gears quickly. profits topped the street driven by strong demand for server, pc sales, also holding up better than expected. we're focused on the expected release of windows 8, working on a tablet friendly -- >> the enterprise is still microsoft and the enterprise for microsoft this quarter was off the charts. the pc was better than expected. good quarter. >> worries about making this quarter if you had to choose between apple and microsoft right now? >> they both sell at 11 to 10 times earnings. >> this isn't a real anomaly. if apple were to stock by 10, why should i buy a $30 stock? i'll buy the $60 stock. it's this darn price tag. yesterday when we were watching the monster coming out, hey, don't believe what you hear, it's entirely verizon wishes it could sell other phones and one of the things and i love the commerc
natural gas flaring is something that you get in trouble with the government. it's these contracts. carl, if you were to have sold your rights in pennsylvania so a gas company, they are not allowed to drill. they should be shutting in but they can't. >> let's switch gears quickly. profits topped the street driven by strong demand for server, pc sales, also holding up better than expected. we're focused on the expected release of windows 8, working on a tablet friendly -- >> the...
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Nov 30, 2012
11/12
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it was a lot of government spending and a lot of other things. second, i think the market is looking forward at a weak fourth quarter number. >> where is bianco research with regard to estimates for fourth quarter growth? >> we were two before sandy and now well under two with sandy and if we get no fiscal cliff deal or kind of a milk toast deal i think we'll stay at those sub par numbers in the 2013. >> even without sandy you didn't think it would be much above 2%. >> right. i'm in the camp the economy is still struggling along. not a recession but not doing very good. >> let's switch gears. there have been many articles out. you always point them out to me. the world's been bearish from treasuries and the world of economists and analysts for years now and they've been wrong. what do you think at this point? >> same thing. bloomberg does a survey of about 80 or 90 economists a month. >> i don't know who they are. >> i've heard of that. 95% of them in the last survey said rates would be high inner six months. you know what? that's been what they'
it was a lot of government spending and a lot of other things. second, i think the market is looking forward at a weak fourth quarter number. >> where is bianco research with regard to estimates for fourth quarter growth? >> we were two before sandy and now well under two with sandy and if we get no fiscal cliff deal or kind of a milk toast deal i think we'll stay at those sub par numbers in the 2013. >> even without sandy you didn't think it would be much above 2%. >>...
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Apr 9, 2012
04/12
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transformation from natural gas and shale, all of that was done without any subsidies from the federal government or anything and i believe that's the same change can occur with just a degree of private industry and it will be able to come on with most of those investments because it will be a remarkable job creator, one of the few industries that did well was the construction of pipeline industry. this would put,000s of people to work what we seem to be doing is putting people to work, bidding out the insfra structure. >> yeah, i -- you know, i believe that you'll hear a bit more about that from the republicans once they firm up a nominee. i think on the democratic side there's an anti fuel agenda that is still in there. if i were looking anywhere in there, i would say look on the republican side. >> i do not believe that he is the man if romney wants to understand this business. he's got to go to someone who is just has done a fantastic job. melissa? >> mark, thanks a lot for your time. it's interesting to note, quickly, billions of dollars have been loaned to subsidize the green energy. >> som
transformation from natural gas and shale, all of that was done without any subsidies from the federal government or anything and i believe that's the same change can occur with just a degree of private industry and it will be able to come on with most of those investments because it will be a remarkable job creator, one of the few industries that did well was the construction of pipeline industry. this would put,000s of people to work what we seem to be doing is putting people to work, bidding...
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Jun 13, 2012
06/12
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. >> -- and government. dell is obviously far more than that now. dell has really branched out to do a lot of things. i come back and say the average mutual fund is going to be drawn to cloud plays because the average mutual fund is addicted to growth. dell doesn't have the kind of growth they want. they don't want dividends. it's the same way that intel was downgraded the other day to a sell by morgan stanley. listen, we don't care about that valuation stuff. we want growth. >> let's check in with david who's found bob pisani here at the new york stock exchange. >> we're talking about a banking union in europe. at least that is certainly one of the key headlines. we haven't talked about europe at all so far in the first 45 minutes of the show. >> the important thing is, are they ever going to make any progress other than throwing money and building up more debt upon debt. two events in the next two weeks. things are starting to come to a head. g-20 meeting is next week. going to be in mexico. president of m
. >> -- and government. dell is obviously far more than that now. dell has really branched out to do a lot of things. i come back and say the average mutual fund is going to be drawn to cloud plays because the average mutual fund is addicted to growth. dell doesn't have the kind of growth they want. they don't want dividends. it's the same way that intel was downgraded the other day to a sell by morgan stanley. listen, we don't care about that valuation stuff. we want growth. >>...
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Mar 6, 2012
03/12
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point out to you inevitably if you're having risk assets being sold, you are going to get peripheral government debt being sold and if we can have a look at where we are on the spreads in italy and spain, inevitably they have risen. we continue to -- it is not italy that's the bad boy any longer over in europe. it is very much a course and with the spanish yields that continue to rise after of course a huge rally that brought them down. a lot of people are talking about what's going on in greece. we have a deadline for the private debt swap. let's go to michelle ka brar a my colleague will covering the event. michelle, is this psi going to fail? >> it is going to be a squeaker for sure and that's why you see nervousness in the market. we are 48 hours away from the deal expiring, 3 p.m. new york time on thursday is when bond holders have to decide whether or not they will participate, accept this offer, and analysts have looked through, made their best guesstimates about who owns how much of what. they think that at least 72% of bond holders will tender their bonds, but for this deal to happen,
point out to you inevitably if you're having risk assets being sold, you are going to get peripheral government debt being sold and if we can have a look at where we are on the spreads in italy and spain, inevitably they have risen. we continue to -- it is not italy that's the bad boy any longer over in europe. it is very much a course and with the spanish yields that continue to rise after of course a huge rally that brought them down. a lot of people are talking about what's going on in...
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Feb 2, 2012
02/12
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is it the private sector or the federal government? >> well, as i was saying earlier, there are some areas where the federal government is really the only provider. it's very hard to get the private sector to provide just -- but for innovative industries and those sorts of things, i think it's agreed that the private sector is better and china is an example of a country which has a communist party running the show, but they allow private sector activity a very large role in the development of new industries. >> you've got the difference between private sector investments like keystone pipeline versus public sector investments like solyndra. that is pretty obvious at face value that the federal government does a pretty poor job of allocating resources. do you see anything that should dissuade us from thinking that it would be better for the private sector to allocate resources rather than the federal government? >> the private sector because of the profit motive and so on is often better at innovatinnovati. i don't want to get into the
is it the private sector or the federal government? >> well, as i was saying earlier, there are some areas where the federal government is really the only provider. it's very hard to get the private sector to provide just -- but for innovative industries and those sorts of things, i think it's agreed that the private sector is better and china is an example of a country which has a communist party running the show, but they allow private sector activity a very large role in the...
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Nov 27, 2012
11/12
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all guaranteed by the government. but why? i'm going to find another item that you might not know set to expire. it's checking accounts for business. we guarantee everything. i think it's time we stop. tune in top of the hour. time t. tune in top of the hour. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ you know it can be hard to lbreathe, and how that feels.e, of your own life. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting i
all guaranteed by the government. but why? i'm going to find another item that you might not know set to expire. it's checking accounts for business. we guarantee everything. i think it's time we stop. tune in top of the hour. time t. tune in top of the hour. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the...
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Sep 24, 2012
09/12
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but really what we need to do is get government out of the way. this entrepreneur thing happens on its own by its own volition as long as tax policy is correct. that's what they were talking about. you get situations like entrepreneurs that become very successful, fror instance, zuckerberg and some of the millionaires he's created are splitting off and investing their own. they don't just sit on their cash, buy a yacht and sail around the world. >> why is one of the big platforms of this election that very issue regarding tax policy? it seems so self-evident to people we rub shoulders with on this trading floor but not to the population at large. >> they think it's gets muddied. if you talk about the capital gains tax. there was a guest on earlier today that says, what's it mean to somebody making $50,000? lowering the capital gains tax to somebody like that is the most important thing you can do because corporations are going to create jobs. people invest in start-ups that can create jobs and their pension funds will get dividends instead of cash
but really what we need to do is get government out of the way. this entrepreneur thing happens on its own by its own volition as long as tax policy is correct. that's what they were talking about. you get situations like entrepreneurs that become very successful, fror instance, zuckerberg and some of the millionaires he's created are splitting off and investing their own. they don't just sit on their cash, buy a yacht and sail around the world. >> why is one of the big platforms of this...
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May 18, 2012
05/12
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that as great as it is you're going to get all this information, if the ceo of sprint is right, the government will not like the level of violation of privacy. obviously there's a lot of companies that bridge space badly. let's keep these in mind as we go crazy with we buy it with no limit at the opening. i told a broker, okay, any price you want. >> wow. carl, this is gary. i think you're trying to get to me? >> as someone who knows the street, i have to ask you, what do you think is going through his mind at this moment? >> i think he's a little bit concerned they have put out a time call and they are not ad hearing to the time. i think and i'm just reading emails here real-time they are going say this is a good process that it's been delayed because they are trying to match -- there's a lot of selling that's come in at the last few minutes and trying to make certain they open this at the right price. >> because we sold at 52. >> that's right. once you get closer to the actual print, a number of people that may have been sitting on their hands in terms of okay let me see where this thing is
that as great as it is you're going to get all this information, if the ceo of sprint is right, the government will not like the level of violation of privacy. obviously there's a lot of companies that bridge space badly. let's keep these in mind as we go crazy with we buy it with no limit at the opening. i told a broker, okay, any price you want. >> wow. carl, this is gary. i think you're trying to get to me? >> as someone who knows the street, i have to ask you, what do you think...
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Sep 5, 2012
09/12
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i'd want to own gold as much as i can provided the government doesn't confiscate it as we did in this country in 1934. >> the other side we're watching this morning amd shares down by about 5.2% right now getting a downgrade by ubs and the central thesis is the pc market is shrinking. it is something we already knew. they're not in the right areas of the market. >> amd. people try to catch the bottom in amd. they just can't fit -- people are addicted to trying to catch the bottom in the $3 or $4 stocks. it's okay if you have good man anlgment and a game plan. >> intel lower as well. the semiconductor index weighed down right now by amd. meantime as we mentioned facebook ceo mark zuckerberg set to give his first ipo interview next week. what can he say to turn the company shares around? tweet auns let us and let us kn you think. take a look at the early morning movers on wall street. hi. i'm henry winkler. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your
i'd want to own gold as much as i can provided the government doesn't confiscate it as we did in this country in 1934. >> the other side we're watching this morning amd shares down by about 5.2% right now getting a downgrade by ubs and the central thesis is the pc market is shrinking. it is something we already knew. they're not in the right areas of the market. >> amd. people try to catch the bottom in amd. they just can't fit -- people are addicted to trying to catch the bottom in...
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Mar 16, 2012
03/12
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do you want the government picking winners and losers? >> i do favor subsidy that would be paid back. it's clean energy fuels that came on my show. that's andrew littlefair, my show, "mad money." and said exxon's not in favor of this. exxon paid the top dollar for xto. we talk about countrywide being a bad deal. when you pay $9 for nat gas and we're seeing these prices, obviously i think you should be using it for more than just utilities. but not exxon. they don't think that. >> yeah. >> let's watch that story. >> yeah. we're going to keep an eye on that. >>> all right. ups reiterating its plan to make an offer for tnt express. the transport saying it intends to file for approval of its bid documents to dutch market regulator afm by may 11th. tnt previously rebuffed ups's earlier offer. i'm not up on my dutch -- >> ups, people like -- remember, yesterday, fedex was up. ups. mentioned transports. they had a break out. a lot of people were shorting the market because they felt that transports not going to break out. yesterday i think was a
do you want the government picking winners and losers? >> i do favor subsidy that would be paid back. it's clean energy fuels that came on my show. that's andrew littlefair, my show, "mad money." and said exxon's not in favor of this. exxon paid the top dollar for xto. we talk about countrywide being a bad deal. when you pay $9 for nat gas and we're seeing these prices, obviously i think you should be using it for more than just utilities. but not exxon. they don't think that....
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Mar 27, 2012
03/12
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maybe the government should take it over and maybe it's time the government steps in the way truman stepped in with the train strike. this is not the government to make it work. >> we mentioned a stock to keep being, you know, powering to new highs for ibm this morning at the open. 208-66 is the high. here we are, nice run on the stock. >> what a run. talki ining about $15 earnings power. that's too low. it's a beneficiary of what i think is -- hewlett-packard is saying we'll make it. david is talking about meg whitman. the truth is that ibm has really snuck up a world theater and i think i like it. ibm is a kind of stand-out model. not expensive. >> speaking of david, let's go over to him with bob pisani. >> thanks. carl mentioned earlier so much data on housing over the last week and many of them mixed but nothing mixed of lennar's report today. >> boy am i happy. chewing the nails over this report. kb homes was such a mess on friday, orders down. we need orders up 20% to 30%. the street has the numbers out there. housing numbers in the last week, showing improvement and below expectation
maybe the government should take it over and maybe it's time the government steps in the way truman stepped in with the train strike. this is not the government to make it work. >> we mentioned a stock to keep being, you know, powering to new highs for ibm this morning at the open. 208-66 is the high. here we are, nice run on the stock. >> what a run. talki ining about $15 earnings power. that's too low. it's a beneficiary of what i think is -- hewlett-packard is saying we'll make...
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Mar 8, 2012
03/12
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government regulations change... oil peaks and plummets. and let's not even get started on the weather. the fact is: no two flights are ever the same. no matter how many times we've accomplished them in the past. the eighty-thousand employees at delta... must predict the unpredictable. anticipate the unexpected. and never let the rules... overrule common sense. this is how we tame the unwieldiness of air travel. pull it taut... and wrap it around the globe... until it's not just lines you see... it's the world. ♪ >>> some interesting times in the banking business. mary thompson at the citi financial's conference today and bank of america was speaking, a protester interrupted by yelling "bust up bank of america." we're told that mr. moynihan since continued the speech but we'll bring you more details as we learn more about that. bank of america presentation at the citi conference interrupted by a protester. >>> u.s. manufacturing running on all cylinders. experiencing an expansion unlike the last three decades. phil lebeau is live in washi
government regulations change... oil peaks and plummets. and let's not even get started on the weather. the fact is: no two flights are ever the same. no matter how many times we've accomplished them in the past. the eighty-thousand employees at delta... must predict the unpredictable. anticipate the unexpected. and never let the rules... overrule common sense. this is how we tame the unwieldiness of air travel. pull it taut... and wrap it around the globe... until it's not just lines you...
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Nov 7, 2012
11/12
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the real message of 2011 is don't panic because when government is forced to make a decision, government makes a decision. i think the worst thing you can do is jump out in the middle of a sell-off and then have the president and speaker boehner come out on the white house lawn and say we have a deal. you watch markets shoot up and you have missed the rally here. there is clearly a negative because of potential for higher taxes. there could be a positive with longer term direction on taxation which frees up a lot of money that's frozen right now. it's not clear how this playing out. as a long-term investor stocks look cheap particularly look cheap relative to cash and fixed income. i wouldn't want to send money the other way. >> one of the things that you might want to work out is whether this is a buying opportunity. what is the picture -- let's say we get through the fiscal pict the line? will markets want to rise because economies are getting better or markets that will be in difficulty a year down the line because economies are getting worse? the biggest economy in europe, germany, i
the real message of 2011 is don't panic because when government is forced to make a decision, government makes a decision. i think the worst thing you can do is jump out in the middle of a sell-off and then have the president and speaker boehner come out on the white house lawn and say we have a deal. you watch markets shoot up and you have missed the rally here. there is clearly a negative because of potential for higher taxes. there could be a positive with longer term direction on taxation...
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Nov 9, 2012
11/12
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it would raise revenue that the government needs. that's something that's very difficult to sell to the majority of the house of representatives right now, especially a majority controls by republicans. what i'm saying is if they want the top rate, that is the people at the top income wise, if we get revenue from those people, what about that? i'm saying that ee says -- the white house could consider the basis for moving forward. don't know if he's going to agree to that. again, he's been talking for a couple of years how he was going to preclude the top rate from being extended beyond 2012. the interest isn't revenue. it's something that was not realistic to happen. but that became realistic, i don't think ud would be thal. >> last question, john. you talked about the potentially heavy tone with the speaker. that is a card that is still in his pocket. >>y, its's in his pocket and its in the pocket of his mem bys world would be to go and have it. the leadership knows that. think the leadership knows that they would go into a discussi
it would raise revenue that the government needs. that's something that's very difficult to sell to the majority of the house of representatives right now, especially a majority controls by republicans. what i'm saying is if they want the top rate, that is the people at the top income wise, if we get revenue from those people, what about that? i'm saying that ee says -- the white house could consider the basis for moving forward. don't know if he's going to agree to that. again, he's been...
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Dec 10, 2012
12/12
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, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the country. >> i want you to tell me first of all how you know this? >> well, every ten years the census bureau does a survey of local governments and they count up all the local governments for every state in the whole country, school districts to basic districts, anything with taxes authority -- >> let me start you right there. anything with taxing authority. so, there is a reason for the proliferation of illinois fifedom and that is to get inside people's wallets. so you're talking about raising money. whether it's through municipal bonds like board of e
, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the...
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Mar 15, 2012
03/12
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when we know that the government has been choking those off. it's exciting that it opens up so many channels of industry from manufacturing to all these things. i currently convert primarily pickup trucks. but we do suvs, cars, for consumers and small fleets. >> now how does the government inform of epa, who has a very small group of those that install or manufacture that are certified. can you explain is that a good thing, a bad thing? do you see it changing, does it make your business better or worse? >> it's a mixed thing. basically, this are very few epa shops that do these certifications on vehicles. the reason why is it's expensive, very clostly. it really follows under the same guidance that oems are retired. ford, chevy, gm have to follow the same guidance. the conversion people that want this to happen are small business. that limits the resours. there's low volumes. it can protect the public but it's hurting at the same time. it limits the availability for this to hit main street. >> i have a friend trying to open up a small business
when we know that the government has been choking those off. it's exciting that it opens up so many channels of industry from manufacturing to all these things. i currently convert primarily pickup trucks. but we do suvs, cars, for consumers and small fleets. >> now how does the government inform of epa, who has a very small group of those that install or manufacture that are certified. can you explain is that a good thing, a bad thing? do you see it changing, does it make your business...
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Nov 28, 2012
11/12
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the government isn't good at this. >> the government isn't good at it. but we know the way we were doing it was bad, right? >> absolutely agreed. >> they're focusing there on costs. that's why costs continue to go up, but they to said the price rather than set the price a let the individuals run around the price. >> justice stephens made this issue go away in many people's minds, but what you're talking about reminds me of an article. there would be a huge amounts of modifications that will occur, are they not? i want there's so many blanks out there. the core thing they need to come to is talk about the markets like we have here. individuals interact, independently to derive a price. >> sounds like the ben bernanke interest rate model. carl, back to you. >>> tangs a lot. >>> there's a few more moments leave in the european trading day, and then don't forget. the president will speak on the fiscal cliff in about nine minutes if he's on tine. we'll be right back. at u.s. trust, our expertise extends well beyond investment advice and research analysis. it
the government isn't good at this. >> the government isn't good at it. but we know the way we were doing it was bad, right? >> absolutely agreed. >> they're focusing there on costs. that's why costs continue to go up, but they to said the price rather than set the price a let the individuals run around the price. >> justice stephens made this issue go away in many people's minds, but what you're talking about reminds me of an article. there would be a huge amounts of...
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Jul 23, 2012
07/12
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if you look at what's going on. 17 regional governments in spain. regional governments. six may be asking for aid. two independent cities, but you can marge this going right down the line. there was an article in an italian paper over the weekend talking about italian cities may be asking for aid in the near future, not just sicily. i know you mentioned that, but italian cities. can you see this whole thing kind of snowball and at that point there's not enough of an aid package. the spanish government three weeks ago announced an $18 billion aid package. what happens over the weekend there,'s an article in the spanish newspaper, you'll need at least $28 billion in aid. >> each of these regions has also sold its own debt down the road. i do know u.s. investors who picked up these things at very large yields assuming they won't let em go belly up, but we'll see. >> and, of course, greece, just a lot of side stories going on today. greece, the takea will be meeting tomorrow with the greek leaders. always indications that they will give up. they won't meet the debt-to-gdp ra
if you look at what's going on. 17 regional governments in spain. regional governments. six may be asking for aid. two independent cities, but you can marge this going right down the line. there was an article in an italian paper over the weekend talking about italian cities may be asking for aid in the near future, not just sicily. i know you mentioned that, but italian cities. can you see this whole thing kind of snowball and at that point there's not enough of an aid package. the spanish...
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Jun 19, 2012
06/12
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. >> the big issue is the government relied upon them to guild out their version of 3 g which has been scuttled. they had to subsidize the next and that's been their biggest issue. i think 4 g will take place in china, and i don't think the hand sets are something they will have to play a major part in. there are $15 million users there. there is wealth and income. >> you can catch more of time's global trades every week night on fast might with melissa, and tuesdays here on "squawk on the street." >> we have a 100 point rally on the dow here, we're seeing big gains. how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. in every way, shape, and form. it's my dream vehicle. on a day to day basis, i am not using gas. my round t
. >> the big issue is the government relied upon them to guild out their version of 3 g which has been scuttled. they had to subsidize the next and that's been their biggest issue. i think 4 g will take place in china, and i don't think the hand sets are something they will have to play a major part in. there are $15 million users there. there is wealth and income. >> you can catch more of time's global trades every week night on fast might with melissa, and tuesdays here on...
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Dec 20, 2012
12/12
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already seen government bonds in 2012 and i think you will see asset sales. >> you agree? you remember your name before -- >> that does it for us today. make sure you join us tomorrow. right now, time for "squawk on the street." >>> good morning, welcome to squawk on the street. i'm carl quintanilla, melissaly, jim cramer. nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers four. the deal itself having been officially announced in the last half hour or so board signing off, call it about 8 a.m. eastern time. my sources tell me this all began a couple of months back when jeffrey spraker, the ceo of ice approached duncan niederauer, the ceo of the stock exchange about a potential deal. looking forward hearing from both men later in the program. as for the deal itself, if you're a new york stock exchange shareholder, mr. spreker built this account the past decade. 36% of the combined company will be controlled by current new york stock exchange shareholders. you get a premium. also an opportu
already seen government bonds in 2012 and i think you will see asset sales. >> you agree? you remember your name before -- >> that does it for us today. make sure you join us tomorrow. right now, time for "squawk on the street." >>> good morning, welcome to squawk on the street. i'm carl quintanilla, melissaly, jim cramer. nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers...
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Jun 4, 2012
06/12
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. >> we won't be able to pay for it any longer out of government funds. that will be bankrupt. >> hopefully i'll get my contacts cheaper with that ab acquisition of 1-800-contacts. >> private deal. terms not disclosed. >> usually that means it wasn't material. perhaps less than 5% of 12 points overall market value which is $22 billion. not sure what the number was. >> great ages on america play. people are losing their eyesight left and right. >> absolutely true. >> i use readers. anyone use readers? >> no. >> i got them from cvs. the ones with little lights on, makes you look like you're from mars. which confirms for people. >> the trading day still young. a lot more "squawk on the street" still ahead. >>> coming up, market volatility hurting your head? >> he's got a headache. >> no, i don't. >> how about now? >> yeah, it's coming on. >> cramer's got the cure for the insanity. >> don't forget to dot the "is." >> six stocks in 60 seconds when "squawk on the street" returns. ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and
. >> we won't be able to pay for it any longer out of government funds. that will be bankrupt. >> hopefully i'll get my contacts cheaper with that ab acquisition of 1-800-contacts. >> private deal. terms not disclosed. >> usually that means it wasn't material. perhaps less than 5% of 12 points overall market value which is $22 billion. not sure what the number was. >> great ages on america play. people are losing their eyesight left and right. >> absolutely...
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Feb 10, 2012
02/12
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it's expected to pass, given the government's currents majority here. the finance minister said morning -- that's the key dichotomy here. recent polls show that over 70% of the population wants to remain in the euro. they're just protesting about the way the government handled the crisis and the reforms that it will take. >> julia, the focus according to the people i'm speaking to here and in western europe is very much about whether we can get -- or whether the europo group can get the three major political parties to sign up, to promise that the all sister will continue there's a huge concern and confusion about whether they stand. are you able to help us with that central point? >> reporter: yeah, that's actually one of the key points of the agreement. now they want confirmation irrespective of what happens in the election, these guys go forward. obviously the leader, who is this consternation about whether he'll even sign the deal. he only represents 16 seats in parliament. so it shouldn't be a problem. thank you very much, julia. >>> apple hitting
it's expected to pass, given the government's currents majority here. the finance minister said morning -- that's the key dichotomy here. recent polls show that over 70% of the population wants to remain in the euro. they're just protesting about the way the government handled the crisis and the reforms that it will take. >> julia, the focus according to the people i'm speaking to here and in western europe is very much about whether we can get -- or whether the europo group can get the...
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Mar 22, 2012
03/12
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renegade soldiers claim they've seized power from the government. two-thirds of randgold occurs in the west african country. the average 30-year mortgage rate now above 4% for the first time since october of last year, standing at 4.08%. >> it is a broad base move lower. the main indices down now 63 on the dow. nasdaq and the s&p tracking lower. it is the material stock, the energy stocks, oil of course is falling, that is dragging us down into negative territory, we've lost two bucks on oil. you see the breadth of the move there, 3:1 decline to advancers. let's move to the nasdaq and check in with what's happening there, again, 3:1. an hour into trade, let's head over to chicago for more on what exactly people are talking about and how to trade it. kevin ferry is a cnbc contributor and chief market strategist at kronos future management. kevin, how focused are you on the chinese situation? is this behind the bulk of the move we're seeing today? >> okay, good morning, simon. i think this is definitely what traders are talking about and it's not goin
renegade soldiers claim they've seized power from the government. two-thirds of randgold occurs in the west african country. the average 30-year mortgage rate now above 4% for the first time since october of last year, standing at 4.08%. >> it is a broad base move lower. the main indices down now 63 on the dow. nasdaq and the s&p tracking lower. it is the material stock, the energy stocks, oil of course is falling, that is dragging us down into negative territory, we've lost two bucks...
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Dec 6, 2012
12/12
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the government finds exporting it is better than keeping it here at home. >> apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. the one day loss erased nearly $35 billion in market cap. that chunk is bigger than 400 other s&p 500 companies. apple ceo tim cook talked to nbc's brian williams in our rock center exclusive. >> why can't you be a made in america company? >> you know, this i found, as a matter of fact, the engine in here is made in america. and not only are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states, next year, we will do one of our existing mac lines in the united states. >> you can see the entire interview with tim cook tonight on rock center, that's 10:00 eastern time on your local nbc station, but for now investors are watching the market. apple shares 5.31, which is close to the main lows. this is close t
the government finds exporting it is better than keeping it here at home. >> apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. the one day loss erased nearly $35 billion in market cap. that chunk is bigger than 400 other s&p 500 companies. apple ceo tim cook talked to nbc's brian williams in our rock center exclusive. >> why can't you be a made in america company? >> you...
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Feb 3, 2012
02/12
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the government census found more people. many of these people they found were older in the 55 plus age group. this group has a lower participation rate. as you age your chances of working are lower. they didn't drop out of the work force. they've not been in it or leaving for many years. no change in the population the bls told us. the participation rate would have been unchanged. more importantly the decline of the unemployment rate is entirely due to people finding work. if it were not david faber i would have told you that and we were working on the story for a long time. >> we asked dr. krueger about that or i did because there are people who are trying to point to that as a sign of potential weakness. it's important people understand that. so that change took place december to january i guess. >> right. january they put the new census numbers into the population estimates and that's what they come up with. >> i am curious, your thoughts on the ten-year which is not even at 2%. we heard from bernanke yesterday. if we had
the government census found more people. many of these people they found were older in the 55 plus age group. this group has a lower participation rate. as you age your chances of working are lower. they didn't drop out of the work force. they've not been in it or leaving for many years. no change in the population the bls told us. the participation rate would have been unchanged. more importantly the decline of the unemployment rate is entirely due to people finding work. if it were not david...
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May 15, 2012
05/12
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this as group politicians failed to agree on a government. it looks like elections may be likely come june. meantime, mad dash straight ahead. stay tuned for "squawk on the street." street." 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550 staying on top of the market is key! tdd# 1-800-345-2550 and the momentum tool, tdd# 1-800-345-2550 it lets me do it at a glance, tdd# 1-800-345-2550 so when things shift, i'm ready. tdd# 1-800-345-2550 then to track the stocks i have my eye on, tdd# 1-800-345-2550 i turn to schwab's high/low ticker. tdd# 1-800-345-2550 so i can spot a potential breakout tdd# 1-800-345-2550 before it breaks out. tdd# 1-800-345-2550 and get this...i can even trade, tdd# 1-800-345-2550 change my orders or check out my positions tdd#00-3 right on my chart. tdd# 1-800-345-2550 my system
this as group politicians failed to agree on a government. it looks like elections may be likely come june. meantime, mad dash straight ahead. stay tuned for "squawk on the street." street." 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550...
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Apr 5, 2012
04/12
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first horizon, they're not blaming the government. some of these guys are saying, look, there's not a lot of demand. if we got demand, if people felt more confident, i'm picking the other side of the dimon trade because i think, wow, the dimon has lost a little luster here. i'm going with that. >> but does that reflect on your view of jpmorgan's stock? just because the man -- oh, by the way, jim, mr. stick it to the man says jamie dimon is a whiner, does that reflect on your view of jpmorgan stock? >> like travel trust owns it? i think it's a terrific engine of growth. he has a lot of things. i guess what i wanted to hear from this was we are going to profit faster and better from the government regulations than anybody else. we've mastered them. we're terrific. we understand what has to be done. instead it's like, hey, wow. i have all these regulations. i feel really horrible about it. >> it's costing the banks $3 billion. >> we believe earnings should be $23 billion, $24 billion. the main difference between what we're earning and sh
first horizon, they're not blaming the government. some of these guys are saying, look, there's not a lot of demand. if we got demand, if people felt more confident, i'm picking the other side of the dimon trade because i think, wow, the dimon has lost a little luster here. i'm going with that. >> but does that reflect on your view of jpmorgan's stock? just because the man -- oh, by the way, jim, mr. stick it to the man says jamie dimon is a whiner, does that reflect on your view of...
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Feb 7, 2012
02/12
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nobody would say the more equitable governed gm was better governed than ford. >> just to add on to that. >> ten seconds. >> i think they have been very good at protecting the company so they can go for the long term like apple and amazon. that's very much to their credit. >> let's enon that congenial agreement. >> the topic is ben bernanke ben bernanke and what he's really like. tell us what you really think he wants to say. we'll share your thoughts in a few minutes. stay tuned. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ our machines help identify early stages of cancer, and it's something that we're extremely proud of. you see someone who is saved because of this techno
nobody would say the more equitable governed gm was better governed than ford. >> just to add on to that. >> ten seconds. >> i think they have been very good at protecting the company so they can go for the long term like apple and amazon. that's very much to their credit. >> let's enon that congenial agreement. >> the topic is ben bernanke ben bernanke and what he's really like. tell us what you really think he wants to say. we'll share your thoughts in a few...
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Oct 19, 2012
10/12
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did he have less legitimacy with government officials? >> not at all. first of all i didn't deal much with pandit, i met him a couple of times. citi group was very fortunate in dealing with treasury and our office most of it was done by one of the vice presidents at citi and lou caden had a keen political ear and instinct how to deal with treasury. we had no difficulty with citigroup at all. >> an interesting time in banking in this country. appreciate your fwidance. see you soon. >> any time. >>> markets continue to decline. dow is down 133. the big weakness on the dow continues to be names that reportedly are mcdonald's, microsoft and ge and now aig joining the ranks of companies that are down almost 4% in their case. when we come back it's been 25 years since the stock market crash known as black monday. we'll talk to the man who helped make sure all those trades at the cme actually got leader that day, the former chairman of the cme, jack sander. you should know that axiron is here. the only underarm treatment for low t. that's right, the one you ap
did he have less legitimacy with government officials? >> not at all. first of all i didn't deal much with pandit, i met him a couple of times. citi group was very fortunate in dealing with treasury and our office most of it was done by one of the vice presidents at citi and lou caden had a keen political ear and instinct how to deal with treasury. we had no difficulty with citigroup at all. >> an interesting time in banking in this country. appreciate your fwidance. see you soon....
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Dec 5, 2012
12/12
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reflects the balanced response, and i've shown myself willing to make tough decisions when it comes to government spending. because despite my reputation -- i think there are efficiencies that can be gained, some programs used to work and just don't work now, as a consequence with working with democrats and republicans last year we were able to cut over a trillion of spending. the largest cut, by the way, in discretionary spending in history. so we're prepared to make some tough decisions when it came tough to -- when you look at what's needed for us to stabilize our budget, stabilize our deficit to gdp ratio, then every credible will follow. we can't just do it on spending cuts. there has to be a balanced approach in which we also are bringing -- partly because our revenue levels are as low as they've been -- >>> we're trying to decide if this is worth sticking with. it's clearly not the president's mike that is turned on. you can sort of hear what he's saying, but not very well. as he makes headlines we'll bring them to you. so we'll get to some reas is lynn jenkins, republican tiff from kansas
reflects the balanced response, and i've shown myself willing to make tough decisions when it comes to government spending. because despite my reputation -- i think there are efficiencies that can be gained, some programs used to work and just don't work now, as a consequence with working with democrats and republicans last year we were able to cut over a trillion of spending. the largest cut, by the way, in discretionary spending in history. so we're prepared to make some tough decisions when...
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Oct 22, 2012
10/12
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., once china gets through its transition from the government, and brazil we know is stimulating its economy. so, all of those things put together does suggest that the global economic environment will get better in 2013 relative to 2012. >> we should note, of course, the management team has doubled down on exposure to china and to materials. it's absolutely a play on world growth. what we see at the moment, though, isn't a world that is accelerating in its growth. it is slowing down. it is decelerating. why, then, if caterpillar is a play on that decelerating world growth, will its stock rise 30% over the next year? >> well, in our view, decelerating growth is still positive growth. as long as the global economy grows positively, even if it's a slower growth rate. and demand for things like hard commodities will continue to rise. yes, we're facing headwind right now with u.s. coal, with iron ore, but demand for many hard commodities continues to decelerate. if we get acceleration in some growth, even slower rate, it sets us up for a good 2014. i think as long as global growth is pos
., once china gets through its transition from the government, and brazil we know is stimulating its economy. so, all of those things put together does suggest that the global economic environment will get better in 2013 relative to 2012. >> we should note, of course, the management team has doubled down on exposure to china and to materials. it's absolutely a play on world growth. what we see at the moment, though, isn't a world that is accelerating in its growth. it is slowing down. it...
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Sep 14, 2012
09/12
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again, it depends now crucially on governments individually, be the government that have to adjust and collectively through the esf, esn to deliver. >> how worried are you about the fiscal cliff in the united states? >> i think it is part of course of the major issue that in the advanced economic world you have to cope with it. >> if it happens, does it bring on another recession? >> i mean i'm sure that the u.s. leadership, whatever you have in the present discussion of course between the two major sensitivities, but the sense of the interest on the country will prevail. i am absolutely confident in that. >> do you miss running the ecb? >> it is such a heavy, important, inspiring responsibility, but i had my eight years. i think it is a good period. >> he thought it was a good period. a lot of people look at dragey and trichet. dragey says he bought sovereign debt twice when i was running the ecb did or the ecb did as an institution. this brings another layer of conditionality with firm commitments in advance from governments. >> michelle, you're in madrid, you know better than any of
again, it depends now crucially on governments individually, be the government that have to adjust and collectively through the esf, esn to deliver. >> how worried are you about the fiscal cliff in the united states? >> i think it is part of course of the major issue that in the advanced economic world you have to cope with it. >> if it happens, does it bring on another recession? >> i mean i'm sure that the u.s. leadership, whatever you have in the present discussion of...
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Apr 13, 2012
04/12
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not about corporate governance. they own 67% of the vote right now. is google thinking -- they got 49 billion in cash. >> that's for the mobility. >> motorola has -- >> i didn't ask about the conference call. >> a lot of it is overseas. you have that much cash and you do this, are you thinking down the road you have to do an enormous deal? >> that's the takeaway. >> that's the scary thing. >> that's the thing. >> doesn't matter. if you're a shareholder -- >> it's a case of the media. >> if you own google stock you have been screwed as you like to put it on a corporate governance. >> they generated 3 billion in free cash flow. 600 people during a quarter. this question about, all right, fine no big deal now, you're saying, why would you do this at 67%. not like 52% in danger of going bloe 50. >> you took the stock down with your rap. >> it wasn't me. i don't move stocks. >> there's a whole universe of people. >> there's a unfierce of people? this is a federation. >> coming up here after reporting earnings this morning we have exclusive interview with j
not about corporate governance. they own 67% of the vote right now. is google thinking -- they got 49 billion in cash. >> that's for the mobility. >> motorola has -- >> i didn't ask about the conference call. >> a lot of it is overseas. you have that much cash and you do this, are you thinking down the road you have to do an enormous deal? >> that's the takeaway. >> that's the scary thing. >> that's the thing. >> doesn't matter. if you're a...
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Jul 25, 2012
07/12
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government forgiveness is the biggest sham i've ever heard. we are still going to have to pay this debt back. >> your thoughts? >> you have to be responsible for your own debts because somebody's going to have to pay it back in the long run. nothing is free. >> yeah, you can give me a piece of paper that says my gej is paid for, but you can't just erase money. money has to come from somewhere. it doesn't come from nothing. >> hillary clinton once said, it's all about a village. and even though i can understand that community is important, what do people here think? do you want to work from a collective perspective or do you think when you get up every day, you want to be the best person you could be and that the country's better off for that? do you agree or disagree with that? >> i don't agree with hillary clinton's claims. i believe this country is about individualism and us being able to pursue happiness on our own. >> i would urge young people to go to what website? >> turningpointusa.net. we're going to be a big force in this election. >>
government forgiveness is the biggest sham i've ever heard. we are still going to have to pay this debt back. >> your thoughts? >> you have to be responsible for your own debts because somebody's going to have to pay it back in the long run. nothing is free. >> yeah, you can give me a piece of paper that says my gej is paid for, but you can't just erase money. money has to come from somewhere. it doesn't come from nothing. >> hillary clinton once said, it's all about a...
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Nov 20, 2012
11/12
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government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at the cme group in chicago. rick? >> thank you, jim. everyone is excited about good housing numbers. everybody but the fixed income market. everybody but the equity market. i know there's an hp issue here. however, let's look at the charts. let's put up a two-day chart of tens. clearly you can see we're up about a basis point on the day. if you look on the right side of the chart and look around 8:30 eastern, you can't pick out that we had a good housing number. if you really switch this around a bit, you look at the shorter matures, you could almost argue that there's a fed implication here small at best. somet
government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at the...
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Jun 8, 2012
06/12
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so that you're seeing government lay-offs, reductions in government spending, severe cutbacks in major investments that help the economy grow over the long term. if you're doing all those things at the same time as consumers are pulling back because they're still trying to pay off credit card debt, and there's generally weak demand in the economy as a whole, then you can get on a downward spiral where everybody's pulling back at the same time. that weakens demand and that further crimps the desire of companies to hire more people. and that's the pattern that europe is in danger of getting in to. you know, some countries in europe right now have an unemployment rate of 15%, 20%. if you are engaging in too much austerity too quickly, and that unemployment rate goes up to 20% or 25%, then that actually makes it harder to then pay off your debts. and the markets, by the way, respond in -- when they see this kind of downward spiral happening. they start making a calculation, well, if you're not growing at all, if you're contracting, you may end up having more trouble paying us off so we'll
so that you're seeing government lay-offs, reductions in government spending, severe cutbacks in major investments that help the economy grow over the long term. if you're doing all those things at the same time as consumers are pulling back because they're still trying to pay off credit card debt, and there's generally weak demand in the economy as a whole, then you can get on a downward spiral where everybody's pulling back at the same time. that weakens demand and that further crimps the...
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Aug 21, 2012
08/12
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steve ballmer did not necessarily cooperate to say the least with the government. that's what happens when you were that big. i think apple, almost as if the big institution says this is a very inexpensive stock, it has mobile, has social, has clown. it's an opportunity and become a stock people say until this has a higher multiple than proctor & gamble or colgate, i will keep buying. >> the multiple is roughly 15. >> these are companies that may not have -- i'm read iing isaacson's book. candidly i skimmed it. i'm going back. why? i have to know more about why this company -- it was not doing as well when the book first came out. now, i'm going over every page to realize this guy set up a multi-year course. i know he was trying to work on cars that could drive on water when he died, had he not died, i think we would be filling up with fujii, not pac. >> people talk about a lot of numbers, this and that. microsoft at its peak is different than apple. i believe the peak was 55. north of 50. apple's value is is different at a time it is reaching its market cap peak.
steve ballmer did not necessarily cooperate to say the least with the government. that's what happens when you were that big. i think apple, almost as if the big institution says this is a very inexpensive stock, it has mobile, has social, has clown. it's an opportunity and become a stock people say until this has a higher multiple than proctor & gamble or colgate, i will keep buying. >> the multiple is roughly 15. >> these are companies that may not have -- i'm read iing...